Threadneedle is to team up with South Africa's STANLIB to launch a range of Africa-focused strategies including a frontier markets fund.
The tie-up will see Threadneedle introduce a range of STANLIB-run strategies to the UK - including an Africa ex-South Africa Equity fund, and a property fund focusing on "carefully chosen" areas. STANLIB, founded in 2002 from the merger of Standard Bank Asset Management and Liberty Asset Management, currently runs £28bn in assets for retail and institutional clients. Threadneedle already manages over $1bn on behalf of the South African group via an August 2012 agreement, which saw the former take over management of global and emerging market portfolios for STANLIB.
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